PSX Opens at Record High, Crosses 181,000 as Bull Run Continues
Buying interest dominated early trading, pushing the KSE-100 up by more than 900 points to reach 181,357 in the opening minutes . The rally extended Tuesday's historic surge, when the index had climbed over 3,350 points to close at 180,392 — breaching the psychological 180,000 level for the first time since February .
Market sentiment continued to be driven by several key factors. The State Bank's decision to keep the policy rate unchanged at 11.5% has encouraged investors to favor banking and cyclical stocks . Easing regional tensions, particularly reports of a US-Iran peace memorandum, alongside declining international oil prices, have further bolstered expectations of lower inflation and an improved external account .
In a major development, the State Bank of Pakistan reported a massive current account surplus of $459 million for May 2026, adding to the positive sentiment . Buying was observed across key sectors including cement, chemicals, fertilisers, oil and gas exploration companies, and power generation . Heavyweight stocks such as OGDC, PPL, HBL, and ABL traded in the green .
Analysts expect the positive momentum to continue in the coming sessions, supported by a stable interest-rate environment and improving macroeconomic fundamentals.